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Can’t make bankruptcy payments - What to do

Submitted by Alexandria on Tue, 04/21/2020 - 07:27

Filed Chapter 13 bankruptcy 1 year back. I have been making payments every month. I made the last payment in March. I can pay this month too. But that’s it. What should I do now? Boss reduced my wage by 20%. What to do.

Well, you're not in a soup because Trump is with you. You can appeal to the bankruptcy for a plan modification since your finances have been affected. If your boss has reduced your paycheck due to the after-effects of COVID-19, then you can even request the court to extend your Chapter 13 bankruptcy repayment plan until 7 years.

Submitted by David Martin on Tue, 04/21/2020 - 21:06

David Martin

( Posts: 394 | Credits: 3933 )

Hi Alexandria!
Your bank or credit union may have offered some debt forbearance, debt deferment, or other types of the debt assistance program.
Many credit card issuers have offered financial hardship assistance as well.

So, call your lending authority and ask them if they are providing any kind of customer assistance or not.

Submitted by Ryan Miller on Thu, 04/30/2020 - 09:29

Ryan Miller

( Posts: 249 | Credits: 2769 )

President Trump has signed the CARES Act to provide $2 trillion stimulus package for the people in our country. Besides, it has made some temporary amendments in the laws to provide relief to the people affected due to COVID-19. So, if you are going through hardship due to COVID-19, you can request the court to extend the repayment plan for up to 7 years.

Submitted by Craigh.terry on Thu, 04/30/2020 - 03:47


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